Quarterly Report — Q1 2025
Filed May 7, 2025
Revenue grew strongly year-over-year in Q1 2025, with the U.S. remaining the core engine while international operations continued expanding. The biggest strategic signal: DoorDash is preparing to acquire Deliveroo, with a bridge credit facility of up to $5 billion secured in early May to fund the deal — a transformative bet on global scale. Stock-based compensation remains elevated across R&D and G&A, but the company is clearly shifting from pure growth mode to aggressive M&A-driven expansion.
Filing details
Performance by segment
Single Reportable Segment
DoorDash operates as one reportable segment encompassing its Marketplaces (DoorDash and Wolt), Commerce Platform, advertising, and membership products. Revenue grew 21% YoY to $3.032 billion in Q1 2025, driven by a 20% increase in Marketplace GOV to $23.1 billion and 18% growth in Total Orders to 732 million. The company swung to net income of $193 million from a net loss of $23 million in the prior-year quarter, while Adjusted EBITDA jumped to $590 million from $371 million.